Azeri Rural Credit
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 CredAgro
Our Mission
CredAgro is an independent and dynamic organization that provides financial services to rural entrepreneurs in Azerbaijan. Our goal is to improve the economic opportunities and living standards of our clients and therefore the entire community where they live. pxl
Company Events
27/02/2006 CredAgro is a non-profit, non-governmental lending organization in Azerbaijan that provides access to working capital and investment loans for farmers and agriculturally-related.

27/02/2006 CredAgro is a non-profit, non-governmental lending organization in Azerbaijan that provides access to working capital and investment loans for farmers and agriculturally-related. pxl
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Equipment loan

Purpose of loan
To purchase computer, furniture, electricity equipment

Amount and interest rate
Maximum $ 5,000
26-28 % annually
Upfront fee $10 for each $1,000

Term
Up to $1,000 maximum 12 months
$1,000-5,000 maximum 18 months

Collateral

  • purchased equipment
  • (guarantor if necessary)
  • (another collateral if neccesary)
Prepayment
20 percent of total cost of equipment

Insurance
Life insurance of borrower

Documents required
  • Copy of passport of borrower
  • Reference from place of work on working period and size of incomes for the last 6 months of the borrower (and employed members of the family) or evaluation report (by credit officer) of borrowers other income sources
  • Reference from place of work on working period (duration of the contract if contract is not permanent) size of incomes or evaluation report (by credit officer) of guarantors’ other income sources

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